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How to Use a Cup and Handle Forex Trading Strategy

The strategy can help short sellers determine the best entry and exit points, while long traders use it to identify the first signs of a reversal. The pattern is comprised of two elements:

The cup:

This is a U-shaped pattern that forms as the price makes a downward move. The bottom of the cup coincides with the low price point for an extended period of time, and is considered support.

The handle:

Once the price turns upward, it begins to climb back toward the resistance level established by the previous high price. This creates a slight dip in price that resembles a handle, before reaching higher prices once again.

cup and handle forex trading strategy is generally used to trade stocks and other equities, but it can also be used for currencies. It’s a good strategy for breakout traders because it allows them to identify levels of support and resistance at which they can place orders, before entering trades as soon as prices break through those levels.

The cup and handle pattern is one of the most popular chart patterns for traders. The appearance of this pattern signals a potential reversal to the upside after a period of consolidation or a pullback.

Formation

The cup and handle is a bullish continuation pattern

that can be found on any timeframe from the intraday to monthly charts. The cup part consists of an upward price move with a rounding turn in the direction of the trend. The handle forms on a slight pullback before the price resumes its upward trend.

The handle portion forms because traders are profit-taking before continuing on their way up. Traders who stay invested in their longs will eventually push the price higher, but at first, it may not look that way as you see a brief pullback.

There are several variations on how to draw the cup and handle pattern. Some traders prefer to use Fibonacci retracements while others like to use trendlines or horizontal support/resistance lines. Whatever method you choose, make sure you place your entry order within the handle of the cup and handle pattern.

Why Antivirus Software for Forex Trading is Important

It is important to choose the best antivirus software for your forex trading activities. This will ensure that your computer is protected from any threats and this will also aid in keeping your computer running at optimum speeds.

Antivirus Software for Forex Trading: The Best Choice

When choosing the right antivirus software, you should remember that it has to be able to protect your computer from the latest viruses and spyware. It also needs to be able to detect new malware as they appear online. Some of the things that you should consider when choosing an antivirus are the following:

The price. Usually, if you get a high quality product, it will not cost a lot of money. However, if you are a beginner, it would help if you first try out some free versions before purchasing one. You can use these free versions to determine whether or not they can protect your computer from viruses and spyware.

The features of the software. Some antivirus programs come with features like anti-virus scanning, anti-spyware scanning, email filtering and more. If you want to know more about these features, then you should do some research on them before buying them.
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